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NCDEX Sugar May 2017: Exit Long On The Rise
23 Mar 2017 9:08 am
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Report For Date: 23/03/2017


NCDEX Sugar May 2017: Exit Long On The Rise NCDEX Sugar (Price are in INR (Rs)/Quintal)


 Exit long and sell on rise from 3712 to 3737 with a stop loss of 3756.

Expect lower range of 3682-3627 to be tested.
TREND INFORMATION WITH INTRA-DAY LEVELS
STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4
Hold Short 3712.00 3793.99 DOWN 3871.0 6.03 3627 3682 3707 3737 3792



*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV.


 PRICE, VOLUME AND OPEN INTEREST STRATEGY
LAST CLOSE PRICE G/L% VOLUME V -G/L% OPEN INTEREST OI -G/L % CANDLE POSITION
3712.0 -1.1 120 1100.0 1800 1.1 Positive Unwinding


TECHNICAL INDICATORS TABLE
RSI 1-ROC-RSI STOCHASTIC 1-ROC STOCHASTIC MACD 1-ROC MACD RS 1-ROC RS
34.59 -10.71 38.23 -12.19 -39.91 -9.55 19.15 -29.34






Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place.

 Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.

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